QUOTE (MonteDobson @ Mar 10 2010, 12:59 PM) Hi Lillian, I have used TD Waterhouse for one RRSP mortgage we did about 2 years ago. They have a very efficient online system for opening accounts, transferring funds etc. The one thing I was disappointed with TD was their customer service and...

QUOTE (KevinMatwichuk @ Mar 10 2010, 07:56 AM) I have only good things to say about Olympia. I hold several mortgages within my RRSP with them and they make things work on autopilot. Thanks everyone. The general comment is that it is easy to put money in. How about taking money out?

Hi, I am just doing some due diligence on this company. I have heard good things, but would like to receive additional feedback. Has anyone used Olympia trust for arms length mortgage? If yes, what is your experience with them? Also, does anyone know how long they have been in business...

QUOTE (VicChung @ Feb 17 2010, 10:55 AM) Anyone who might know someone who knows who is interested in a rent-to-own. I am offering $500 referal fee if the client signs up for this property or any tenant-first properties. It is passive income for a few minutes of work. Here is ad as well...

QUOTE (VicChung @ Feb 18 2010, 10:34 PM) Hi, Two questions: (a) Does anyone have a good contract they use for making loans? I did not find one in the resource section of myreinspace. (b) What criteria do you use in making loans? I know this is subjective, but would like to hear what others...

Hi, Two questions: (a) Does anyone have a good contract they use for making loans? I did not find one in the resource section of myreinspace. (b) What criteria do you use in making loans? I know this is subjective, but would like to hear what others have to say. What is a reasonable loan...

QUOTE (magoomba @ Feb 18 2010, 02:48 PM) I don't think this is necessarily bad for the long term investor. Yields may start getting better. I remember REIN mentioning that the investment community forms only 4% of the buyers which means 96% are homeowners. Do the new rules affect...

QUOTE (nikkibroker @ Feb 17 2010, 08:41 AM) I highly recommend Clint Clark of Clark and Clark for a lawyer. I`ve been doing Mortgages in Calgary for over seven years and honestly I`ve seen many bad... Clint is very timely, very experienced and very reliable. http://www.clarklegal.com/ Good...

QUOTE (markl @ Feb 14 2010, 06:49 PM) That was actually one of our selling features in Alberta you will have rent locked in for the term of the contract. So no we have no such escalation clause in our contract. Anyone who might know someone who knows who is interested in a rent-to-own. I am...

QUOTE (markl @ Feb 12 2010, 01:38 PM) Vic I will throw it out to you what happens if the market appreciates 8% or 30%? If they are worrying about qualifying one of the things you have to be prepared to do is help them out at the end of the time perhaps holding a 2nd mortgage to get the deal...

QUOTE (JimSlobodzian @ Feb 11 2010, 08:40 PM) Vic, Thanks for sharing your experience so far. I agree with a couple other posters about your ad: - suggest changing the headline. Maybe less emphasis on "standing out" and more on a clearer message - the ad needs some info on #`s (monthly...

QUOTE (markl @ Feb 11 2010, 10:59 AM) Vic, .0085 is just a guideline not a hard and fast rule. What is market rent for a similar property? Marc, Market rent would be $1200- $1350. I like the .0085 rule as it increased my cash flow significantly. If I charge market rent, how do I...

QUOTE (markl @ Feb 11 2010, 10:08 AM) Hi Vic, Have you put the price on? Typically we put the rental price on the property this gets you more hits on the ad. With Property first you can give them varying levels so you can say rent is $1,100.00 with no deposit but if you do $1,200.00 we`ll give...

QUOTE (markl @ Feb 10 2010, 10:55 PM) Vic, Can you post a link to your ad? Have you paid to be top ad? Do you repost everyday? Are you calling people who want RTO? Do you have a sign up on the property? If so what number are people calling? Do they get a live person or a VM? As Jason has...

Hi Fellow REIN members, I have a 1/2 duplex that I am advertising as rent-to-own. I have read Marc Loeffler`s book and followed some of his advertising strategies. Unfortunately, I am not having much success and I am wondering if the web sites listed in his book is more applicable to the...

QUOTE (ogarcia @ Feb 2 2010, 09:20 PM) Fellow REIN members, You do not want to miss Barry`s workshop. All the information was presented in such a way that all the concepts could sink in my mind and now I feel much more confident to go ahead. Thanks Barry and Donna. I am looking forward to get...

QUOTE (gwasser @ Jan 31 2010, 08:49 PM) I bought last Thursday. Friday I got an e-mail that it is in the mail. So, they still must have some in stock Hi Marc, Congratulations on your new book. Great read. I would appreciate if you could spend a few minutes clarifying the formula used in...

Hi Everyone, My rental leases expire between the month of April-September. I have been out of the rental market since last September. January is the time of the year when I am trying to get a feel of the demand in the Calgary market. My research involves doing comparables on rental sites...

QUOTE (NeilUttamsingh @ Jan 4 2010, 07:40 PM) Mark, You are the man! Congratulations on your success. It is well deserved! Keep it going Brother! Regards, Neil. http://www.firstrentalproperty.com Congratulations Marc and Great Subject!!! Do you know if REIN is going to offer the book for...

Hi, Just wondering if anyone knew how banks come up with the list price for foreclosures? Is it mortgage balance on the property + liens? Thanks, Vic